Genoa Area Local Schools Scholarship Foundation Inc

Analysis

Genoa Area Local Schools Scholarship Foundation Inc is a registered charity in United States, based in Genoa, OH. It received its IRS tax-exemption ruling in February 1994, 32 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Genoa Area Local Schools Scholarship Foundation Inc reported income of $136k and spending of $59k, leaving 56% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $162k to $136k (-16%), an average of -4.4% a year. The sharpest change came in the year to December 2021, when income rose by 721%. Over the whole period it spent 20% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Genoa Area Local Schools Scholarship Foundation Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within OH. Charities of a similar size with the same main cause include St Charles County Historical Society Inc ($136k), Duttine-Cavataio Fund ($136k) and Little League Baseball Inc ($136k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% of the total. At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m.